H1 2026 (Jan–Jun) · Year-to-Date
Net sales¥499.0bn+6.2%
Operating profit¥41.9bn+131.8%
Net income¥29.7bn+211.4%
Japan−0.8%
Shiseido's first half (January–June 2026) put revenue up 6.2% to ¥499.0bn and operating profit up 132% to ¥41.9bn; core operating profit, the measure the company leads on, nearly doubled to ¥44.4bn and net income tripled to ¥29.7bn. The Japan business, though, went backwards — revenue of ¥144.7bn, down 0.8% — even as its core operating profit rose 7.2% to ¥20.9bn. Growth came from China and travel retail (+10.0%), Europe (+12.4%) and Asia-Pacific (+10.1%). For the department-store floors floortok maps, that is the number that matters: the recovery is real, and it is not happening at home.